Social Security Rate For Companies in Mongolia remained unchanged at 14.50 percent in 2020 from 14.50 percent in 2019. source: Social Insurance General Office

Social Security Rate For Companies in Mongolia averaged 13.44 percent from 2012 until 2020, reaching an all time high of 14.50 percent in 2019 and a record low of 13 percent in 2013. This page provides - Mongolia Social Security Rate For Companies- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Social Security Rate For Companies - values, historical data and charts - was last updated on May of 2021.

Social Security Rate For Companies in Mongolia is expected to reach 13.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Social Security Rate For Companies is projected to trend around 13.00 percent in 2022 and 14.50 percent in 2023, according to our econometric models.

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Mongolia Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
14.50 14.50 14.50 13.00 2012 - 2020 percent Yearly

Mongolia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 25.00 25.00 25.00 25.00 percent [+]
Personal Income Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Sales Tax Rate 10.00 10.00 10.00 10.00 percent [+]
Social Security Rate 26.00 26.00 26.00 23.00 percent [+]
Social Security Rate For Companies 14.50 14.50 14.50 13.00 percent [+]
Social Security Rate For Employees 11.50 11.50 11.50 10.00 percent [+]


Mongolia Social Security Rate For Companies
In Mongolia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Mongolia because they help to pay for many social programs including welfare, health care and many other benefits.